Brooklyn Two-Family Brick
1758 E 55th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property size:
1,673 SFLot size:
0.05 AcresPrice / SF:
$572/SF- Added:
- May 5, 2026
- Days on Market:
- 12
- Last Refresh:
- May 16 at 2:06 am
Property Features for 1758 E 55th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
- Interior features
- A/C Unit, Refrigerator, Stove
- Standard status
- Active
- Size
- 1,673 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6283
Building Details
- Number of units
- 2
- Flooring type
- Hardwood
- Roof type
- Flat
Listing agent Yat Hong (Larry) Chu (718) 872-6300
Listing office New World Realty Group LLC 2074 E 14th St, Brooklyn, NY (718) 872-6300
Listing date May 5, 2026
MLS# 501223
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Delivered vacant on closing: Ideal for immediate occupancy or rental income generation.
- Two‑family brick home in desirable Old Mill Basin: Offers potential for rental income or multi‑generational living.
- Private parking and expansive private backyard: Provides convenience and outdoor space.
- Two generously sized two‑bedroom units: Offers comfortable living spaces for residents.
- First floor features a custom kitchen with granite countertops: Highlights modern upgrades.
- Convenient location near Kings Plaza, public transportation, schools, and parks: Ensures easy access to amenities.
Overview
This well-maintained two-family brick home is situated in the desirable Old Mill Basin neighborhood of Brooklyn. The building measures 20x46 on a 20x100 lot. The first floor features a two-bedroom apartment, a custom kitchen with granite countertops, a fully tiled bathroom, and hardwood floors. The second floor offers another generously sized two-bedroom unit with a large living room, an eat-in kitchen, and access to the front balcony. Both units have access to an expansive private backyard and private parking. The property is near Kings Plaza Shopping Center, public transportation (Buses: B2, B3, B9, B46, B47), schools, parks, and neighborhood amenities. The property, totaling 1,673 square feet, is suitable for both end-users and investors and will be delivered vacant on closing. The lot size is 0.0459 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$651.0K
NOI $58,591 @ 9.00% cap · cautious / downside scenario
Moderate
$837.0K
NOI $58,591 @ 7.00% cap · market / base-case scenario
Aggressive
$1.17M
NOI $58,591 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.3k | $51.00 |
| − Vacancy | −$1.6k | −$0.97 |
| EGI | $83.7k | $50.03 |
| − OpEx | −$25.1k | −$15.01 |
| NOI | $58.6k | $35.02 |
1,673 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$837.0K
$732.4K – $976.5K
NOI $58,591 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$729.6K
$638.4K – $851.3K
NOI $51,075 @ 7.0% cap · market cap 5.33%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $96,967 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.921756
- Latitude
- 40.613539
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family home in Old Mill Basin, Brooklyn.
Where is this duplex located?
The property is located at 1758 E 55th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $958,000.
What are key features of this property?
This property features: Delivered vacant on closing: Ideal for immediate occupancy or rental income generation.; Two‑family brick home in desirable Old Mill Basin: Offers potential for rental income or multi‑generational living.; Private parking and expansive private backyard: Provides convenience and outdoor space.
